Before being able to rent out your house in Lagos and start welcome paying guests, you need to register your property as tourist rental accommodation. with the local town hall (câmara municipal), to obtain a rental license known as an Alojamento Local. You can do this registration in person or using this link. We have a partnership with a local specialist that can assist you with the process. If you’re unfamiliar with these procedures (and don’t speak Portuguese), you can save yourself a lot of time and hassle by paying someone to assist.Avoid a fine. Stay up to date with the latest rules and developments by signing up for the Rental Valley newsletter.
As most coastal villages in the Algarve, Lagos is suffering from seasonal influences on the monthly rental revenue. However, Lagos is performing remarkably well in the pre- and post-season compared to other similar places. Elderly couples visiting Lagos in wintertime and the good connection with Faro’s airport being within a 1-hour drive, have a positive effect on the occupancy rates.
An average apartment in Lagos offers 2,1 bedrooms and 5 guests on average per booking. The most popular are 2-bedroom apartments.
It seems easier than ever to rent your holiday home to tourists in Lagos. But competition is growing fast. To reach the top in your segment you need to be active and professional. Nobody likes to be interrupted during a romantic dinner for two. And who enjoys cleaning the same apartment three times per week? With so much to do, it’s unsurprising that many owners decide to put everything in the hands of a management company. Rental Valley takes care of everything so you can enjoy a hassle-free life! With many years of experience in all aspects of top-quality property management, we can assist in optimizing your rental profits in Lagos. Call or e-mail us